DekaBank Deutsche Girozentrale Grows Position in Janus International Group, Inc. (NYSE:JBI)

DekaBank Deutsche Girozentrale raised its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 25.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,482 shares of the company’s stock after acquiring an additional 2,968 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Janus International Group were worth $186,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JBI. Entropy Technologies LP lifted its position in shares of Janus International Group by 4.5% during the first quarter. Entropy Technologies LP now owns 21,126 shares of the company’s stock valued at $320,000 after purchasing an additional 901 shares in the last quarter. Sage Mountain Advisors LLC boosted its stake in shares of Janus International Group by 4.5% in the 2nd quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock worth $293,000 after buying an additional 990 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Janus International Group by 8.5% in the first quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock valued at $231,000 after acquiring an additional 1,201 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Janus International Group by 2.3% during the first quarter. Los Angeles Capital Management LLC now owns 101,029 shares of the company’s stock valued at $1,529,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new stake in Janus International Group during the fourth quarter worth $35,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JBI has been the subject of a number of recent analyst reports. Benchmark reduced their price objective on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. KeyCorp decreased their price objective on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Jefferies Financial Group dropped their target price on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. UBS Group decreased their price target on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Janus International Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $10.10 on Friday. The company has a 50-day moving average price of $11.72 and a two-hundred day moving average price of $13.21. Janus International Group, Inc. has a twelve month low of $9.16 and a twelve month high of $15.86. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $1.47 billion, a PE ratio of 10.63 and a beta of 0.89.

Janus International Group (NYSE:JBI) last issued its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The business had revenue of $248.40 million for the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. Equities analysts forecast that Janus International Group, Inc. will post 0.84 EPS for the current year.

Insider Buying and Selling

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of Janus International Group stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.94% of the stock is currently owned by insiders.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.